The company was founded on 8 January 2011 after country minding its 13-year ban online gambling.
In 2014, its 500th gambling office opened.
The business operates worldwide, using approximately 1,000 individuals offering betting by phone and Internet together with their 500 Licensed Betting Offices.
As of 2012, Topaz are the official betting partner of Azerbaijan Premier League and operate betting booths for all England and Football Association matches.
In March 2013, the company faced heavy pressure from National Assembly of Azerbaijan but Azad Rahimov, the Minister of Sports and Youth of Azerbaijan Republic supported company. Rahimov maintained, all Topaz’ surgeries are transparent, and the sport market is being supported by the company.